Revising Regulatory Review: Expert Insights on the Biden Administration’s Guidelines for Regulatory Analysis

Tue, 9 May, 2023 10:30am - 3:00pm

On May 9, the GW Regulatory Studies Center and the Society for Benefit-Cost Analysis offered a timely discussion of recent changes to regulatory practices and analysis.

In April, the White House released much-anticipated revisions to federal regulatory practices, including a new Executive Order 14094 on “Modernizing Regulatory Review,” draft revisions to OMB Circular A-4 governing regulatory impact analysis, and draft guidance on meetings with entities outside of the executive branch. The Office of Information and Regulatory Affairs (OIRA) is working to implement these changes, which comprise the most significant regulatory policy initiatives of the Biden administration and raise interesting benefit-cost analysis issues, including the appropriate discount rate, who has standing in a benefit-cost analysis, and how distributional impacts should be measured.

At this forum, OIRA Administrator Richard Revesz discussed these changes with a panel of former OIRA administrators who served in the Clinton, Bush, Obama, and Trump administrations. That was followed by a panel of experts experienced in regulatory impact analysis at the federal level who explored in more depth the draft changes to Circular A-4.

Welcome and Introduction

Emily Hammond, GW Vice Provost for Faculty Affairs


Panel 1: Discussion with OIRA Administrators



Welcome and introduction by
Opening remarks from Richard Revesz, Administrator, Office of Information and Regulatory Affairs

Richard Revesz (Biden Admin)
Paul Ray (Trump Admin)
Boris Bershteyn (Obama Admin)
Susan Dudley (Bush Admin)
Sally Katzen (Clinton Admin)
Moderated by Bridget Dooling, former OIRA deputy branch chief


Panel 2: Expert Discussion on Circular A-4



Welcome and introduction by GW professor and RSC Co-Director Joseph Cordes

Howard Beales (former FTC bureau director)
Randy Lutter (former FDA chief economist)
Dominic Mancini (OIRA deputy administrator)
Sabeel Rahman (former Biden OIRA)
Shayna Strom (former Obama OIRA)
Moderated by Caroline Cecot (George Mason University professor)

Closing Remarks

Christopher Carrigan (George Washington University professor and RSC Co-Director)


Additional Resources


Open to everyone.

Nate Thompson
[email protected]

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